Key Takeaways
- • MicroBit Capital Management Limited launched Hong Kong's first combined Bitcoin and Gold ETF on HKEX on August 26, 2026, with dual listings under tickers 3002.HK (HKD) and 9002.HK (USD).
- • The MicroBit Bitcoin and Gold Value ETF pairs bitcoin's long-term digital-asset appreciation potential with gold's established volatility-dampening characteristics and store-of-value function in a single diversified instrument.
- • The fund structure includes in-kind subscription and redemption capabilities in bitcoin, enabling eligible market participants operational flexibility and reducing cash-settlement friction.
- • The launch represents a strategic milestone in bridging traditional finance and Web3 ecosystems, according to MicroBit CEO Wilson Fung, positioning the firm as a leading institutional gateway for alternative asset classes in Hong Kong.
Summary
MicroBit Capital Management Limited, a Hong Kong-based investment manager specializing in virtual assets and frontier technologies, officially launched the MicroBit Bitcoin and Gold Value ETF on The Stock Exchange of Hong Kong Limited (HKEX) on August 26, 2026. The ETF trades on dual counters—3002.HK for Hong Kong Dollar-denominated shares and 9002.HK for US Dollar-denominated shares—marking the first Hong Kong-listed ETF offering combined exposure to both bitcoin and gold within a single fund structure.
The product combines two distinct asset classes with complementary risk-return profiles. Bitcoin provides exposure to long-term digital-asset appreciation potential and Web3 ecosystem growth, while gold serves as a traditional store of value and portfolio volatility stabilizer. This dual-asset approach allows institutional and retail investors to achieve diversified exposure across cryptocurrency and precious metals without maintaining separate positions, addressing a structural gap in Hong Kong's ETF market.
A key operational feature distinguishes this vehicle from conventional ETFs: the fund supports in-kind subscriptions and redemptions in bitcoin. This mechanism enables eligible market participants—particularly institutions and qualified traders—to create or redeem fund shares using bitcoin directly, rather than requiring cash settlement. This structure enhances operational efficiency and reduces settlement friction for participants with significant cryptocurrency holdings.
Wilson Fung, Chief Executive Officer of MicroBit Group, characterized the launch as "an important milestone in MicroBit's mission to bridge traditional finance and the Web3 ecosystem," highlighting the strategic positioning of this product as an institutional gateway vehicle. The offering reflects broader market maturation in Hong Kong's approach to cryptocurrency and digital assets, following regulatory clarity from financial authorities and growing institutional demand for regulated exposure vehicles.
The product combines two distinct asset classes with complementary risk-return profiles. Bitcoin provides exposure to long-term digital-asset appreciation potential and Web3 ecosystem growth, while gold serves as a traditional store of value and portfolio volatility stabilizer. This dual-asset approach allows institutional and retail investors to achieve diversified exposure across cryptocurrency and precious metals without maintaining separate positions, addressing a structural gap in Hong Kong's ETF market.
A key operational feature distinguishes this vehicle from conventional ETFs: the fund supports in-kind subscriptions and redemptions in bitcoin. This mechanism enables eligible market participants—particularly institutions and qualified traders—to create or redeem fund shares using bitcoin directly, rather than requiring cash settlement. This structure enhances operational efficiency and reduces settlement friction for participants with significant cryptocurrency holdings.
Wilson Fung, Chief Executive Officer of MicroBit Group, characterized the launch as "an important milestone in MicroBit's mission to bridge traditional finance and the Web3 ecosystem," highlighting the strategic positioning of this product as an institutional gateway vehicle. The offering reflects broader market maturation in Hong Kong's approach to cryptocurrency and digital assets, following regulatory clarity from financial authorities and growing institutional demand for regulated exposure vehicles.
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